What is Value of Art?

Value of Art is an ongoing art project by Eivind Kleiven exploring the concept - value of art.

The FUD & FOMO series consist of two pieces FUD and FOMO. They are constructed such that their value as art is confronted continuosly against their current monetary value.

Both sculptures share a monetary value that can only be retrieved by destroying at least one of the sculptures. They are designed such that if one of the two sculptures is destroyed and the monetary value is withdrawn, then the monetary value of the remaining undestroyed sculpture will disappear immediately and only its value as art remains.

Exhibitions

08. September - 14. October 2018

If you are interested in exhibiting Value of Art: FUD and FOMO at your gallery, please use our contact form to provide us with some details about your gallery.

The Cubes

Two 5x5x5 cm tungsten* cubes engraved with Bitcoin block 514 848 transaction hashes encapsuled in glass. Both topsides are engraved with the same public Bitcoin address. The corresponding private key, which is necessary to withdraw the monetary value, is sealed inside a 200 NOK bill glued to the cube and to the glass that they are encapsuled in. The serial number of the 200 NOK bill inside FOMO is 2401224579 and the serial number inside FUD is 2401224580. The two pieces are identical except for their engraved names: FUD and FOMO**.

* Tungsten has almost the same density as gold and is used by the mining industry due too its hardness. Bitcoin is created by a process called mining and is by many considered to be a store value such as gold. Each sculpture weighs 2.7 kg.

The artist have designed a t-shirt that is available for purchase using card or Bitcoin. It is an all-over design and the entire t-shirt is covered with Bitcoin Block 514 848 transaction hashes. The same hashes that are engraved onto the four sides of FUD & FOMO.